, the country’s largest paint company, has reported that its net profit in the March quarter was up 69 per cent to ₹1,185 crore against ₹701 crore logged in the same period last year, on the back of better realisation.
Revenue increased 11 per cent to ₹9,247 crore (₹8,359 crore).
The company has announced a dividend of ₹23 per share and fixed June 23 as the record date. The dividend will be paid on July 13.
Profit before depreciation and income tax increased 24 per cent to ₹1,787 crore (₹1,436 crore). The domestic decorative business delivered 12 per cent growth in volume and 10 per cent growth in value terms. Improved offtake in PreLux portfolio led to increase in realizations, said the company.
The industrial business delivered a strong double-digit growth during the quarter driven by automotive, general industrial and protective coatings segments, taking the overall domestic coatings value growth to 11 per cent.
The international portfolio continued to deliver resilient growth with improved profitability despite volatility in select markets. The Home Décor business though muted, gained traction through Beautiful Homes Store network spread across 20 states in India.
Amit Syngle, Managing Director & CEO of Asian Paints said the margins improved through cost discipline aided by material deflation and operational efficiencies as continue to invest in long-term growth drivers.
The external environment remains fluid, with the West Asia conflict contributing to near-term uncertainty in demand, he said. However, supported by strong fundamentals and execution discipline, the company remains resilient to navigate the volatility and sustain performance, he added.
Under home decor business, the bath fittings net sales increased in 4 per cent to ₹ 95 crore (₹ 92 crore), kitchen business net sales increased in 16 per cent to ₹ 99 crore (₹85 crore). Net Sales at White Teak increased by 17 per cent to ₹ 23 crore and for Weatherseal it increased by 25 per cent to ₹ 20 crore.
In FY’26, the company registered 18 per cent rise in net profit at ₹4,395 crore (₹3,710 crore). Income was up at ₹35,584 crore (₹33,906 crore). Profit Before Income Tax and depreciation was up 11 per cent at ₹6,696 crore (₹6,006 crore).